Minimum Target definition

Minimum Target means a minimal level of performance established by the Committee which must be met before any part of the performance unit is earned. The Minimum Target may be the same as or less than the Performance Target in the discretion of the Committee.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Minimum Target has the meaning specified in Section 4.8(a)(i).

Minimum Target has the meaning specified in Section 2.02(a)(i).

Examples of Minimum Target in a sentence

• The amount of the Incentive Bonus shall be reviewed and re-established no less than annually by the Compensation Committee based on its review of bonus-related compensation offered by peer group companies; however, the Incentive Bonus shall not be less than the Minimum Target Incentive Bonus.

• For the avoidance of doubt, (x) if the Minimum Target (as defined in the Sponsor Lock-Up Agreement) shall have been achieved, then the Minimum Share Price Milestone shall be deemed achieved, and (y) if the Maximum Target (as defined in the Sponsor Lock-Up Agreement) shall have been achieved, then the Maximum Share Price Milestone shall be deemed achieved.

• Performance Share awards shall be evidenced by an Agreement in the form prescribed by the Committee which shall set forth the amount or manner of determining the amount of the Performance Shares, the Performance Period, the Performance Target and any Minimum Target and such other terms and conditions as the Committee in its discretion deems appropriate.

• In the event either the Minimum Target or the Maximum Target would be deemed to be achieved pursuant to this Section 3(d), the Minimum Target or Maximum Target shall be deemed to be satisfied immediately prior to the consummation of the Company Sale and the applicable Sponsor Covered Shares shall receive the same consideration per share as the shares of Company Ordinary Shares receive in the Company Sale.

• For the avoidance of doubt, (x) if the Minimum Share Price Milestone (as defined in the Company Lock-Up and Support Agreement) shall have been achieved, then the Minimum Target shall be deemed achieved, and (y) if the Maximum Share Price Milestone (as defined in the Company Lock-Up and Support Agreement) shall have been achieved, then the Maximum Target shall be deemed achieved.

More Definitions of Minimum Target

Minimum Target for each year (as defined in such new notes) is greater than or equal to such target for such year in the old notes; PROVIDED, HOWEVER, that if the old notes being exchanged have different "Minimum Targets", or dates therefor, then the "Minimum Targets" for each year in the new notes shall not be less than the sum of the "Minimum Targets" for such year under the terms of the old notes; or

Minimum Target has the meaning set forth in Section 3(c).

Minimum Target means a minimal level of performance established by the Committee which must be met before any part of the

Minimum Target has the meaning set out in Clause 3.5.1;

Minimum Target means, in respect of a Year, 80% of the Target for such Year.

Minimum Target shall have the meaning ascribed to such term in Schedule A attached hereto.

Minimum Target means (i) for the 2016 Performance Period, $[ ], and (ii) for the 2017 Performance Period, $[ ], and (ii) for any Performance Period after 2017, such percentage of the Applicable Target for such Performance Period as determined by the Administrator in good faith when the Applicable Target for such Performance Period is determined by the Chobani Manager.